ICE FX operates a 100% A-book model, hedging all trades with external counterparties. The company has no conflict of interest with clients and it is not interested in clients' losses, since it earns only from transaction commissions paid.

InterbankIntermediaries (LPs) 1st and next levelsСLIENT’S PROFITCLIENT’S LOSSA-bookClientBrokerB-bookСLIENT'S PROFITCLIENT'S LOSSClientBrokerConflict of interestsDeterioration of execution of trading ordersImplementation of trading limitsCancelation of profitable tradesRefusal in paying profits

100% A-book model

Hedging 100% of clients positions and confirming this to any client by demonstrating back-office online.

ICE FX operates a 100% A-book model, hedging all client positions with external counterparties. Any client can request for online demonstration of the orders executed by them with counterparties in the company's back office.

Advantages of a 100% A-book model
No conflict of interest

For B-book and "mixed" models, the company acts as a counterparty to the client's transactions, and the customer's earnings become the company's losses and vice versa.

An A-book model completely eliminates conflict of interests between the company and clients – ICE FX does not act as counterparty to the client's transactions and is not interested in their losses.

No bankruptcy risk

For B-book and "mixed" models, the company bears additional risks, as it acts as a counterparty to the client's transactions, and the client's earnings become the company's losses and vice versa.

This reason has pushed quite a large number of companies into bankruptcy due to the very large amount earned by customers in a short period of time.

ICE FX does not bear these bankruptcy risks because it does not act as counterparty to clients' transactions.

ICE FX does not only declare but also confirm to any client that it operates an A-book model:

ICE FX demonstrates its back office with counterparties at the client's request. The back office shows all the relevant hedging data.

Back office is similar to the ICE FX personal account. It is hosted on the counterparty's domain and ICE FX cannot tamper with any information contained in it.

The client can view the hedge of any order, including that of a third-party manager whose order numbers in MT 4 platform are known to the client.

Note!
  • During bank rollover – from 23:50 to 00:05 (EET time) – liquidity reduces, and the spread and processing time of client orders may increase.
  • When transferring orders across all groups of instruments from Wednesday to Thursday, swap is charged at a triple rate.

ICE FX provides customers with liquidity, aggregated from several counterparties. This gives a number of advantages: customers always receive the best prices, they are protected against low-quality order execution by a counterparty, and are completely anonymous to him.

STP accounts use an aggregator developed by Soft-FX.

ECN accounts use an aggregator developed by AMTS Solutions.

Client 1 Client 2 Client 3 Client 4 ... Client n
Counterparty 1 Counterparty 2 ... Counterparty n

Advantages of Liquidity Aggregation

Single counterparty
Pool of counterparties
(liquidity aggregation)
Can select a counterparty for hedging
No
Counterparty's price

There is no opportunity to choose the best price. There is need to execute an order at the price of a single counterparty.

No protection against non-market quotes

If a counterparty offers an off-market price (pin), the stop order will be activated by this quote and the client will incur additional losses.

No protection against low-quality execution

There is high probability that an order will be executed with large slippage, delay and other low-quality execution attributes.

No protection against force majeure

There is no way to avoid force majeure events: loss in communication with the counterparty, no flow of quotes, etc.

Yes
Best prices

Counterparties offer different prices. The aggregator allows you to choose the best of the proposed prices.

Protection against non-market quotes

If the counterparty offers a non-market quote (pin), the stop order will not be activated by this quote.

Protection against low-quality execution

The likelihood of execution with large slippage, delay and other low-quality execution attributes is minimized.

Protection against force majeure

In the event of any force majeure (loss in communication with the counterparty, no flow of quotes, etc.), the order in question will be executed by another counterparty.

The customer is anonymous to the final counterparty
No
Possible deterioration in trading conditions

The counterparty receives the orders of each client in a personalized manner, and can worsen execution individually for individual clients trading profitably.

Yes
Trading conditions cannot get worse

The counterparty receives client orders anonymously, and cannot determine which of the clients is trading profitably or unprofitably, and so cannot worsen execution on an individual basis.

Note!
  • During bank rollover – from 23:50 to 00:05 (EET time) – liquidity reduces, and the spread and processing time of client orders may increase.
  • When transferring orders across all groups of instruments from Wednesday to Thursday, swap is charged at a triple rate.

STP and ECN accounts have their own peculiarities, and the functional and list of available trading instruments are significantly different.

Client 1Client 2Client 3Client 4Client nCounterparty 1Counterparty 2Counterparty nSTPLiquidity: CounterpartiesAggregatorLiquidity: Admiral MarketsECNAggregator

Trading conditions

STP ECN
Instruments Currency pairs – 94
Spot metals – 4
СFD Indices – 11
CFD Commodities – 3
CFD Crypto – 15
read more
Currency pairs – 46
Spot metals – 4
СFD Indices – 11
CFD Commodities – -
CFD Crypto – 11
read more
Order execution procedure Click here Click here
Risk management
Market depth
Order execution configuration
Demonstration of position hedging
Note!
  • During bank rollover – from 23:50 to 00:05 (EET time) – liquidity reduces, and the spread and processing time of client orders may increase.
  • When transferring orders across all groups of instruments from Wednesday to Thursday, swap is charged at a triple rate.